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A comment on Tesla's energy storage business gets sucked into the company's downward spiral. Parent comment

Re:Tesla's energy storage business gets sucked into the comp... by rickydroll on Wednesday July 02, 2025 @05:22PM (#44449006)
What do they say in most commercials about investing? Oh yes, "Investing in securities carries the risk of loss."

They could sideline him, perhaps put him in an oubliette for a while, then make some serious improvements to the current product line and start cultivating a culture of working without Musk.

[ Parent | on HN ]
Re:Tesla's energy storage business gets sucked into the comp... by darth_avocado on Wednesday July 02, 2025 @05:26PM (#44449038)
I agree with the sentiment, however the board has fiduciary responsibilities towards the shareholders. If they make decisions that materially affect the company, in this case by destroying the valuation, then the shareholders can sue.

It will be extremely difficult for the board to justify that having Elon and letting him do whatever he wants is more damaging for the stock than kicking him out.

[ Parent | on HN ]